The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found ...
As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside ...
Shell Plc has declared force majeure on its liquefied natural gas contracts with some of its customers in Asia, according to people familiar with the matter, due to the ongoing Qatar LNG shutdown.
Several Gulf nations have declared force majeure on oil and gas shipment since the US-Israel’s war on Iran was launched.
War-related events will not always constitute a force majeure event in the Kingdom of Saudi Arabia (KSA) – and there are reasons why businesses might not trigger those clauses even if they do.
These developments are beginning to create contractual pressure across sectors beyond energy, including large engineering, procurement and construction projects that rely on cross-border supply chains ...
The Bahrain Petroleum Company (BAPCO) on Monday officially declared force majeure on its petroleum shipments after an Iranian ...
Gulf energy producers are invoking force majeure after conflict with Iran disrupted shipping through the Strait of Hormuz, preventing them from fulfilling gas export contracts. The move has tightened ...
Nearly one year ago, the United States construction industry was grappling with the anticipated impact of 25 percent tariffs on imports from Canada and Mexico as well as tariffs on China. Over the ...
Upstream oil and gas producers and oilfield service companies are facing new uncertainties from recently imposed federal tariffs. In early 2025, the US expanded tariffs on a broad range of imports, ...
When force majeure is declared, companies may temporarily halt deliveries or operations without being considered in breach of contract ...
When two parties negotiate a contract, they generally are more focused on a positive outcome than the "what-ifs" that might occur during the course of the relationship. While many contracts are placed ...